Barclaycard typically offers 6.9pc with a 2.9pc fee, and MBNA cards often give short term 0pc deals.
The advantage of doing this is that there’s no mark on your credit file. You need to operate it correctly, using these simple rules.
“Service(s)” refers to Your use of the Website for any purpose whatsoever.
It does this by running a “soft” search (the type lenders should use but don’t).
This means that while you can see it on your credit reference agency files, lenders can’t, so it will have no impact on future credit checks. All the APRs listed on the table show a “representative” rate, meaning only a guaranteed 51pc of accepted applicants will actually get the rate advertised; the rest can be charged more (though hopefully you’ll have cleared the card by then anyway).
I suspect it’s the growing use of this “rate for risk” pricing that is partly responsible for such super-long deals now.If you don’t get enough, use it for what you can – it’ll still cut some of your cost.Then consider applying for another balance-transfer deal to shift the remaining costly debt, though bear in mind that lots of applications can impact on your credit-worthiness.The debt is shifted to the new card, hopefully at a cheaper rate.The amount you can transfer depends on the credit limit given.